I lol at all the people that say a coin is that after one small drop. It is usual when there is a (exchange)launch that people dump, that happens to almost every coin that gets added to Mintpal/Cryptsy. It will take a few days before that effect ends.
My advice don't buy on the first day of a coinlaunch, don't panic when the price goes down a bit after the first few days.

I think the worst dump is over (550 satoshi) we are almost back at 700 don't worry 


Oh one last advice buy now because this coin will sure hit 10.000 some day with a supply of only 60.000.000 coins.